Metals and Mining
Company Overview of Amarium Minerals Inc.
Amarium Minerals Inc. acquires, explores, and develops copper resources. The company is based in Las Vegas, Nevada. Amarium Minerals Inc. operates as a subsidiary of Amarium Technologies, Inc.
5940 South Rainbow Boulevard
Las Vegas, NV 89118
Key Executives for Amarium Minerals Inc.
Chief Executive Officer and President
Compensation as of Fiscal Year 2014.
Amarium Minerals Inc. Key Developments
Amarium Minerals Inc. Secures $3.15 Million Financing with Anglo Asia Resource Partners
Aug 19 14
Amarium Technologies Inc. announced that Amarium Minerals Inc. has secured a $3.15 million financing with Anglo Asia Resource Partners. Repayment of this financing will be in the form of a revenue streaming agreement with Anglo Asia receiving 75% of all net revenue until payback and 22% of all net revenue in perpetuity. The previous sales contract with Anglo Asia receiving 18% of all production at a discounted price of $0.75 per pound will remain in effect along with this new streaming agreement. Anglo Asia provides Amarium with solid financial backing and the foundation required to continue building out the company's mission of becoming a mid-tier copper producer within Latin America. Amarium is committed to adding the necessary elements to the company to take it to the next level in the near term.
Amarium Minerals Inc. Announces 600% Increase in Production Capacity at San Pedro
Jul 8 14
Amarium Technologies Inc. through its wholly owned subsidiary Amarium Minerals announce completion of upgrades to their ore processing mill located at the San Pedro Mine. The San Pedro mill now has an operational capacity of 120 tons per day (tpd), an increase of 600% over the previous capacity of 20 tpd. The recent updates will allow Amarium to stay on schedule for increasing the medium term maximum throughput of the mill to 200 tpd by December 2014. Both the San Pedro Copper Mine and the Jovita Mill are located in Michoacán, Mexico.
Amarium Minerals Inc. Provides Update on its Continuing Exploration Program At San Pedro Copper Mine in Michoacán, Mexico
Mar 11 14
Amarium Technologies Inc. through its wholly owned subsidiary Amarium Minerals Inc. provided an update on its continuing exploration program at the San Pedro Copper Mine in Michoacán, Mexico. At present and only 14 days into the program, the company is on schedule with over 200 select rock and soil samples having been marked by GPS, bagged, and submitted for metallurgical assays. Additionally, the site survey is now complete and the trenching and pitting program activities are ongoing in conjunction with the surface sampling. Amarium recently announced a 300% increase in production capacity at their Jovita Copper Mine, ramping up production at Jovita to 120 tonnes per day (tpd). San Pedro is also undergoing upgrades to the 20 tpd mill and is expected to have production capacity exceeding 200 tpd by the end of 2014. Amarium is focused on the acquisition and development of base metals projects in Mexico that are currently in or near production and advanced exploration properties that will add substantially to the company's asset foundation. Management is continuing to actively pursue mineral interests that represent significant growth, value and cash flow opportunities.
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